Published on 19 Aug 2024 on Insider Monkey · via Yahoo Finance

Prospect Capital Corporation (PSEC): A Top Monthly Dividend Stock with Strong...

We recently compiled a list of 10 Highest Paying Monthly Dividend Stocks. In this article, we are going to take a look at where Prospect Capital Corporation (NASDAQ:PSEC) stands against the other high paying monthly dividend stocks.

Dividend stocks have consistently been popular with investors, regardless of how often they are distributed. However, when considering the frequency of these payments, it’s clear that companies carefully decide how often to reward their shareholders. While many large companies prefer to issue dividends quarterly for convenience, others provide monthly dividends, which some investors find more appealing. After all, who wouldn’t appreciate a steady stream of passive income each month? Nevertheless, history indicates that companies offering monthly dividends tend to have higher yields but often lack stable dividend policies.